We sold our home and signed settlement paperwork on September 30. The buyer signed on October 1.
Property taxes were part of the settlement, to be paid at closing. However, the property tax payment was due on September 30.
The title company just came back to us (12 days after signing, and after funds were wired to us) saying that there was an interest charge for the property tax (since they’re paying in October, after the due date) and that we need to write them a check to cover it. It does not appear that they have paid the property tax bill.
Our view is that the amounts we agreed to are contained in the settlement paperwork. If there was an additional interest fee for late payment of the property tax, that should have been part of the paperwork (which would have caused us to deal with it before closing). Additionally, the title company charged the buyer a “Tax Verification Fee” (an amount larger than the interest payment).
What should we do?